New data reveals that Asian residential real estate assets are in aggregate now worth approximately US$90 trillion. That means Asia is home to about 45 cents of every dollar of residential real estate value located anywhere in the world. That’s why I believe Asia is an attractive post-COVID opportunity for online marketplaces and technology companies.
Cross-Border Transactions
While calculating the total value of Asian residential real estate assets, we also tried to make a reasonable estimate of cross-border residential real estate transactions. Unfortunately, cross-border transactions are more difficult to measure. No useful data exists, except in the case of mainland China.
Juwai IQI’s best estimate is that Chinese buyers alone acquired some US$202.8 billion of overseas residential real estate in the years 2015 to 2020. By logical extension, scaling this up to account for acquisitions originating in every Asian country (and not just China) would result in a considerably higher total.
Source: Online Marketplaces
